This exercise presents a confidence interval for the population median that requires no assumption about the population
Question:
This exercise presents a confidence interval for the population median that requires no assumption about the population distribution other than it is essentially continuous.
(a) Explain why for a random sample of size n the sample proportion πˆ falling below themedian has expected value 0.50 and standard error σπˆ = 0.50/
√
n, and so the probability is about 0.95 that the number of observations falling below (above) the median is within n(1/
√
n) =
√
n of half the sample.
(b) For the ordered sample of size n, explain why a 95%
confidence interval for the median goes from the observation that has the index (n + 1)/2 −
√
n to the observation with the index (n + 1)/2 +
√
n. For Example 5.9 on median shelf life in a library, show that this interval is 11 to 19 years.
Step by Step Answer:
Statistical Methods For The Social Sciences
ISBN: 9781292220314
5th Global Edition
Authors: Alan Agresti